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all sums payable under the 1989 note. Each guaranty provided in
pertinent part:
2. Guarantor does hereby irrevocably and uncondi-
tionally guarantee to the Lender the prompt payment of
the principal, interest and other sums payable under
the Note (including any extensions, modifications or
renewals of the Note) * * *
* * * * * * *
5. The Lender may enforce the provisions hereof
from time to time as often as occasion therefor may
arise, and the Lender shall not be required to first
exercise any rights against any other person or party
primarily or secondarily liable in respect to the loan
or the obligations of Guarantor hereunder and shall not
be required first to initiate, pursue or exhaust any
remedies available to it against any other person or
party or to resort to or enforce any security in its
possession or under its control.
6. No course of dealing or delay or omission on
the part of the Lender in exercising or enforcing any
of its rights or remedies under the Note, Instruments
of Security, or hereunder shall impair or be prejudi-
cial to the rights and remedies of the Lender hereunder
and the enforcement hereof. The Lender may extend,
modify or postpone the time and manner of payment and
performance of the Note, Instruments of Security and
this Agreement, make advances and disbursements under
the Note and Instruments of Security, all without
notice to or consent by the Guarantor and without
thereby releasing, discharging or diminishing its
rights and remedies against the Guarantor hereunder.
Guarantor waives notice of acceptance of this Agree-
ment, notice of the occurrence of any default under the
Note, Instruments of Security, or hereunder, and pre-
sentments, demands, protests and notices of any and all
action at any time taken or omitted by the Lender in
connection with the loan or this Agreement.
7. Guarantor further consents to the Lender
exchanging, surrendering, repledging or otherwise
dealing with the aforesaid items without impairing this
Guarantee and hereby waive[s] notice thereof to or
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